Canadian Satellite Radio Holdings Inc. (CSR) has posted its third-quarter results, which reflect continued growth in its subscriber base as well as an increase in its overall revenue.
The parent of Sirius XM Canada, the country’s only satellite radio company, CSR also posted a reduced third-quarter loss. It said its loss for the three months ended May 31 was about $4.2 million with $64.6 million of overall revenue.
The total number of subscribers to its satellite radio services increased by about 200,000 from a year earlier to 2.1 million, including 1.5 million self-paying subscribers.
CSR’s year-earlier quarterly net loss was $9.1 million with $59.7 million of revenue from 1.9 million subscribers, including 1.3 million self-paying.
In the previous quarter, CSR had a $2.7 million net loss with $63.8 million of revenue and 2.0 million subscribers, including 1.45 million self-paying.
For the first nine months of CSR’s financial year, net loss was $10.3 million down from $20.8 million in 2011 while revenue was $191.5 million, up from $177.3 million last year.